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World

15. 10. 2021. 00:00   >>  16:53 0

BIDEN SIGNED

The US debt limit is being extended

The President of the United States of America (USA), Joseph Biden, signed a document which raises the ceiling of the US debt until December, the White House announced last night.

This made it possible to avoid a situation in which the United States would not be able to repay its debt, which would have severe consequences for the country and the world.

Congress on Tuesday approved a temporary raise of the US borrowing limit by $480 billion.The House of Representatives passed the measure with the support of Democrats who are the majority in that House, and with intense confrontation with Republicans.

If the measure had not been adopted, there the interruption of debt payments of the country could happen as early as October 18.

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